If Casey Receives 50 Utils from His First Burrito, 13

question 369

Multiple Choice

If Casey receives 50 utils from his first burrito, 13 utils from his second burrito, and 8 utils from his third burrito, then his

• A) marginal utility from a fourth burrito will be negative.
• B) total utility is declining.
• C) marginal utility from a fourth burrito will be greater than 8 utils.
• D) total utility is 71 utils.

---

Definitions:

Contractual Obligations

Duties that parties are legally bound to perform under a contract.

Terminated

The condition of having been ended or concluded, often referring to employment, contracts, or services.

Parol Evidence

A rule in contract law that prevents the introduction of evidence of prior or contemporaneous negotiations and agreements that contradict, modify, or vary the contractual terms of a written contract.

Integrated Contract

A contract that is considered complete and final, where all the terms are included in the document itself, precluding oral or other external agreements.